Silver Price Today: Silver becomes cheaper by 15 thousand rupees from the alltime high, know how much the price
Silver Price Today. In the month of August, the price of silver had reached very close to 80 thousand rupees per kilogram. After that, there has been a decline in the price of silver. Today, if you look at the Indian futures market MCX on Friday, the price of silver has come down by Rs 15000 per kg. Today, silver is trading below Rs 65000 per kg with a gain of Rs 51 per kg. According to experts, the price of silver may fall further. Let us also tell you how much silver has come at home and abroad.
Fall in the price of silver
Silver Price Today is trading at Rs 64,990 per kg with a slight rise of Rs 51 per kg on the futures market Multi Commodity Exchange at 9 am on Friday. On Thursday night, silver had closed at Rs 64,869 per kg. At the same time, the day’s low had come down to Rs 63411 per kg. According to experts, some days in the price of gold are going to be similar.
Gold prices in the last ten days
|The date||Silver Price (Rs. Per kg)|
Silver became cheaper by 15 thousand
At the same time, if we talk about the last four days, there has been a huge fall in the price of silver. Silver had closed at Rs 67,527 per kg on the last trading day of the previous week. On Thursday, silver closed at Rs 64,869 per kg. If you see the difference in price, silver has become cheaper by Rs 2700 per kg. Whereas in August 2020, silver reached its alltime with 79890 rupees per kilogram. From there, silver has become cheaper by 15000 rupees.
Flat in silver in foreign market
On the other hand, silver is seen trading at a flat level when it comes to foreign markets. In the New York Comex Market of Statistics, silver is trading up 0.33 percent to trade at $ 25.13 an ons. While the price of silver spot is trading at $ 25.04 an ons.
What do you know?
Ajay Kedia, director of Kedia Advisory, says that the main reason for the silver price is the fall in the dollar. On the other hand, due to the arrival of Kovid case in Europe, the pace of economic recovery may slow down. Because of which investors can once again move to silver. Due to which the price of silver may increase. He also pointed out that the wedding season is going to start in India from the month of April. Due to which the demand has increased. Due to this, there can be a rise in the price of silver.